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Global dairy markets are split, with butter prices rising on US demand while skimmed milk powder prices fall on weaker Chinese demand. EU-27 milk prices were roughly stable in March, and New Zealand production declined seasonally.
Divergent butter and powder trends point to mixed dairy demand, with weaker SMP pressuring protein-based dairy feed values while firmer butter supports fat-rich ingredients.
ruminants.ceva.comJun 19, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
